PDF Version HANNIBAL, Ohio, June 09, 2025 (GLOBE NEWSWIRE) -- Long Ridge Energy LLC (“LRE”) is announcing its first quarter 2025 investor call for Thursday, June 12, 2025 at 10:00 AM EDT. LRE comprises the electric power and natural gas business of Long Ridge Energy & Power LLC (“LREP”). LREP is a wholly owned portfolio company of FTAI Infrastructure, Inc. (Nasdaq:FIP). In February 2026 LRE completed the incurrence of $1 billion of new debt comprised of $600 million of Senior Secured Notes due 2032 and a $4 ...

Financial Performance - Total revenues for the three months ended March 31, 2025, increased by $13.6 million to $96.2 million compared to $82.5 million in the same period of 2024 [234]. - Adjusted EBITDA for the three months ended March 31, 2025, was $155.2 million, a significant increase of $128 million from $27.2 million in 2024 [235]. - Net income attributable to stockholders for the three months ended March 31, 2025, was $109.7 million, compared to a net loss of $56.6 million in 2024, representing a change of $166.3 million [234]. - Net income increased by $170.5 million for the three months ended March 31, 2025, compared to the previous year [242]. - Adjusted EBITDA decreased by $1.7 million during the same period, totaling $19.9 million [251]. - Total revenues decreased by $3.7 million, primarily due to a decrease in carloads and rates per car [248]. - Total expenses decreased by $1.9 million, reflecting a decrease in operating expenses mainly due to reduced carloads [249]. - Other income increased by $0.8 million, primarily from favorable adjustments in pension and OPEB benefits [250]. Segment Performance - Power revenues rose by $15.8 million due to the acquisition of Long Ridge Energy & Power LLC in February 2025 [237]. - In the Railroad segment, total revenues were $42.6 million, down from $46.3 million, with a net income of $13.7 million [246]. - In the Jefferson Terminal segment, total revenues increased by $0.8 million to $19.4 million, with a net loss attributable to stockholders of $15.1 million [253]. - Power segment revenues increased by $17.3 million to $17.294 million, mainly due to a $15.8 million rise in power revenues and a $1.2 million increase in gas revenues from the acquisition of Long Ridge [270]. - The power segment reported a net income attributable to stockholders of $170.044 million, a significant increase from a loss of $5.427 million in the previous year [269]. - Net loss attributable to stockholders for the Repauno segment was $6.793 million, compared to a loss of $4.260 million in the prior year [261]. Expenses and Costs - Operating expenses increased by $2.5 million, primarily due to higher costs associated with the acquisition of Long Ridge Energy & Power LLC [239]. - Acquisition and transaction expenses surged by $2.6 million, mainly due to legal fees related to the Long Ridge acquisition [239]. - Depreciation and amortization expenses increased by $4.5 million, attributed to additional assets from the Long Ridge acquisition [240]. - Asset impairment charges rose by $1.4 million, primarily due to the write-off of the remaining GM-FTAI note receivable in the Sustainability and Energy Transition segment [240]. - Interest expense increased by $7.3 million due to additional borrowings issued in June 2024 [256]. - Total expenses increased by $0.9 million to $9.478 million, driven by higher operating expenses, acquisition costs, and depreciation [263]. - Total expenses in the power segment rose by $12.8 million to $13.470 million, influenced by increased operating, acquisition, and depreciation expenses [271]. Cash Flow and Investments - Net cash used in operating activities increased by $81.8 million to $(85.651) million for the three months ended March 31, 2025 [290]. - Net cash provided by investing activities increased by $183.1 million, primarily due to an increase in the acquisition of business by $226.6 million [291]. - Net cash used in financing activities increased by $2.1 million, primarily due to increased payments of cash dividends on preferred and common stock [292]. - Cash used for investments was $164.2 million in Q1 2025, up from $18.9 million in Q1 2024, indicating a significant increase in investment activity [294]. - Cash flows used in operating activities were $85.7 million in Q1 2025, compared to $3.9 million in Q1 2024, reflecting a substantial rise in operational expenditures [294]. Debt and Obligations - As of March 31, 2025, the company had outstanding principal debt obligations of $2.8 billion and interest payment obligations of $1.2 billion, with $94.6 million in principal and $189.5 million in interest due within the next twelve months [295]. - The company acquired Long Ridge Energy & Power LLC, resulting in additional borrowings totaling $1.165 billion during Q1 2025, including a $600 million Senior Secured Note due 2032 [294]. - Operating and finance lease obligations amounted to $171.8 million as of March 31, 2025, with $8.8 million due within the next twelve months [297]. - Dividend payments of $90.1 million on redeemable preferred stock are due within the next twelve months, with options for paid-in-kind dividends [298]. - A hypothetical 100-basis point increase in variable interest rates could result in an increase of approximately $4.7 million in interest expense over the next 12 months [315]. Future Outlook - The company expects to meet future short-term liquidity requirements through cash on hand and operational cash flow, indicating a stable financial position [300]. - The Jefferson Terminal reporting unit had an estimated fair value exceeding its carrying value by more than 10% as of October 1, 2024, indicating a positive outlook for future performance [306].

FTAI Infrastructure (FIP) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Company Participants Alan Andreini - Head - Investor RelationsKenneth Nicholson - CEO & PresidentGiuliano Bologna - Managing DirectorKen Nicholson - Chief Executive OfficerBrian Mckenna - Director - Equity ResearchGregory Lewis - Managing Director Operator Good day, and welcome to the First Quarter twenty twenty five FTAI Infrastructure Earnings Conference Call. At this time, all participants are in a listen only mode. After the speake ...

FTAI Infrastructure (FIP) Q1 2025 Earnings Call May 09, 2025 08:00 AM ET Speaker0 Good day, and welcome to the First Quarter twenty twenty five FTAI Infrastructure Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Instructions will be given at that time. As a reminder, this call is being recorded. I would now like to turn the call over to Alan Andrini, Investor Relations. Please go ahead. Speaker ...

Supplemental Information First Quarter 2025 Disclaimers IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of, this Presentation. FORWARD-LOOKING STATEMENTS. ...

Exhibit 99.1 PRESS RELEASE FTAI Infrastructure Inc. Reports First Quarter 2025 Results, Declares Dividend of $0.03 per Share of Common Stock NEW YORK, May 8, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the "Company" or "FTAI Infrastructure") today reported financial results for the first quarter 2025. The Company's consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview | (in thousands, except per sha ...

NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP) (the “Company” or “FTAI Infrastructure”) today reported financial results for the first quarter 2025. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview (in thousands, except per share data)Selected Financial ResultsQ1’25Net Income Attributable to Stockholders$109,724Basic Earnings per Share of Common Stock$0.95Diluted Ear ...

NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- FTAI Infrastructure Inc. (NASDAQ:FIP; the "Company" or “FTAI Infrastructure”) plans to announce its financial results for the first quarter 2025 after the closing of Nasdaq on Thursday, May 8, 2025. A copy of the press release and an earnings supplement will be posted to the Investor Relations section of the Company's website, https://www.fipinc.com/. In addition, management will host a conference call on Friday, May 9, 2025, at 8:00 A.M. Eastern Time. The confer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) | Delaware | | | 87-4407005 | | --- | --- | --- | --- | | (State or other jurisdiction of incorporation or organization) | | | (I.R.S. Employer Identification No.) | | 1345 Avenue of the Americas, 45th Floor | New York | NY 10105 | | | (Address of principal executive offices) | | | (Zip ...

FTAI Infrastructure (FIP) Q4 2024 Earnings Call February 28, 2025 03:56 PM ET Company Participants Alan Andreini - Head - Investor RelationsKen Nicholson - Chief Executive OfficerGuiliano Bologna - Managing DirectorBrian Mckenna - Director - Equity ResearchGregory Lewis - Managing Director Operator Good day, and thank you for standing by. Welcome to the FPI Infrastructure Fourth Quarter twenty twenty four Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' ...